{
  "api_version": "v1",
  "generated_at": "2026-07-10T02:55:46.441Z",
  "attribution": "Source values are U.S. federal government works (public domain). Compiled by StatuteRates.",
  "license": "Compiled dataset offered for reference; values trace to official public-domain sources (see each record).",
  "data": {
    "generated_at": "2026-07-10T02:55:46.441Z",
    "slug": "uk-late-payment-commercial",
    "name": "UK Statutory Interest on Late Commercial Payments",
    "entity_type": "rate_series",
    "jurisdiction": "GB",
    "region": "United Kingdom",
    "locale": null,
    "metadata": {
      "authority": "Late Payment of Commercial Debts (Interest) Act 1998",
      "basis": "BoE base rate on reference date + 8pp"
    },
    "metrics": [
      "annual_rate"
    ],
    "latest": {
      "annual_rate": {
        "metric": "annual_rate",
        "value": 11.75,
        "value_text": "11.75%",
        "unit": "percent_per_annum",
        "effective_date": "2026-07-01",
        "source_id": "boe-bank-rate",
        "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
        "retrieved_at": "2026-07-10T02:55:46.415Z",
        "confidence": "medium",
        "method": "derived_uk_lpa1998_baserate_plus_8",
        "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2026-06-30: 3.75%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
      }
    },
    "history": {
      "annual_rate": [
        {
          "metric": "annual_rate",
          "value": 11.75,
          "value_text": "11.75%",
          "unit": "percent_per_annum",
          "effective_date": "2026-07-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2026-06-30: 3.75%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 11.75,
          "value_text": "11.75%",
          "unit": "percent_per_annum",
          "effective_date": "2026-01-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2025-12-31: 3.75%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 12.25,
          "value_text": "12.25%",
          "unit": "percent_per_annum",
          "effective_date": "2025-07-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2025-06-30: 4.25%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 12.75,
          "value_text": "12.75%",
          "unit": "percent_per_annum",
          "effective_date": "2025-01-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2024-12-31: 4.75%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 13.25,
          "value_text": "13.25%",
          "unit": "percent_per_annum",
          "effective_date": "2024-07-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2024-06-30: 5.25%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 13.25,
          "value_text": "13.25%",
          "unit": "percent_per_annum",
          "effective_date": "2024-01-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2023-12-31: 5.25%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 13,
          "value_text": "13%",
          "unit": "percent_per_annum",
          "effective_date": "2023-07-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2023-06-30: 5%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 11.5,
          "value_text": "11.5%",
          "unit": "percent_per_annum",
          "effective_date": "2023-01-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2022-12-31: 3.5%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 9.25,
          "value_text": "9.25%",
          "unit": "percent_per_annum",
          "effective_date": "2022-07-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2022-06-30: 1.25%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 8.25,
          "value_text": "8.25%",
          "unit": "percent_per_annum",
          "effective_date": "2022-01-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2021-12-31: 0.25%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 8.1,
          "value_text": "8.1%",
          "unit": "percent_per_annum",
          "effective_date": "2021-07-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2021-06-30: 0.1%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 8.1,
          "value_text": "8.1%",
          "unit": "percent_per_annum",
          "effective_date": "2021-01-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2020-12-31: 0.1%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 8.1,
          "value_text": "8.1%",
          "unit": "percent_per_annum",
          "effective_date": "2020-07-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2020-06-30: 0.1%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 8.75,
          "value_text": "8.75%",
          "unit": "percent_per_annum",
          "effective_date": "2020-01-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2019-12-31: 0.75%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 8.75,
          "value_text": "8.75%",
          "unit": "percent_per_annum",
          "effective_date": "2019-07-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2019-06-30: 0.75%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 8.75,
          "value_text": "8.75%",
          "unit": "percent_per_annum",
          "effective_date": "2019-01-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2018-12-31: 0.75%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 8.5,
          "value_text": "8.5%",
          "unit": "percent_per_annum",
          "effective_date": "2018-07-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2018-06-30: 0.5%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 8.5,
          "value_text": "8.5%",
          "unit": "percent_per_annum",
          "effective_date": "2018-01-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2017-12-31: 0.5%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 8.25,
          "value_text": "8.25%",
          "unit": "percent_per_annum",
          "effective_date": "2017-07-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2017-06-30: 0.25%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 8.25,
          "value_text": "8.25%",
          "unit": "percent_per_annum",
          "effective_date": "2017-01-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2016-12-31: 0.25%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 8.5,
          "value_text": "8.5%",
          "unit": "percent_per_annum",
          "effective_date": "2016-07-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2016-06-30: 0.5%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 8.5,
          "value_text": "8.5%",
          "unit": "percent_per_annum",
          "effective_date": "2016-01-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2015-12-31: 0.5%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        },
        {
          "metric": "annual_rate",
          "value": 8.5,
          "value_text": "8.5%",
          "unit": "percent_per_annum",
          "effective_date": "2015-07-01",
          "source_id": "boe-bank-rate",
          "source_url": "https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N",
          "retrieved_at": "2026-07-10T02:55:46.415Z",
          "confidence": "medium",
          "method": "derived_uk_lpa1998_baserate_plus_8",
          "notes": "Derived: UK statutory interest on late commercial (B2B) debts = the Bank of England base rate in force on the reference date (2015-06-30: 0.5%) + 8 percentage points, fixed for this six-month period under the Late Payment of Commercial Debts (Interest) Act 1998. Reference, not legal advice."
        }
      ]
    }
  }
}